Crypto PAC announces support for 32 House candidates in US midterms

What happened

Fairshake said it would support 32 US House candidates in the 2026 midterms. The political action committee said all of them voted to advance the CLARITY market structure bill in 2025. It plans to start with $6 million for six of those candidates.

The slate has 19 Republican and 13 Democratic incumbents. The first round gives $1 million each to three Democrats and three Republicans: Janelle Bynum, Derek Tran and Steven Horsford, and French Hill, Bill Huizenga and Bryan Steil. Fairshake described the money as election spending, not a direct campaign contribution.

Fairshake expects to spend more than $100 million on House and Senate ads in 2026. At least $30 million is planned for Ohio's Senate race, where it backs Republican Jon Husted over Democrat Sherrod Brown.

Spokesperson Geoff Vetter said the group is issue-focused and backs candidates in both parties who support crypto and American innovation.

Why it matters

The CLARITY Act failed a crucial Senate vote, leaving its future uncertain before the midterms.

Control of Congress is at stake. Many polls showed Democrats favored to take the House and Senate in 2027. Vetter said in August Fairshake had $122 million cash on hand.

Crypto-aligned spending is already large. Public Citizen reported Fairshake spent $82 million on ads as of June, less than half of the $189 million it estimated came from crypto-aligned groups and companies. Vetter told the Associated Press that Fairshake and its affiliates spent $40 million backing 29 Democrats and $31 million backing 28 Republicans earlier in the cycle, and their preferred candidates won 53 of 57 contests.

What the data shows

The announced House slate is 32 incumbents, split 19 Republicans and 13 Democrats. The initial plan is $6 million for six candidates, or $1 million each.

Fairshake is expected to spend more than $100 million in 2026, including at least $30 million in Ohio's Senate race, and reported $122 million cash on hand in August.

Public Citizen reported $82 million in ad spending as of June against a $189 million estimate for crypto-aligned groups. Earlier cycle totals were $40 million for 29 Democrats and $31 million for 28 Republicans, with 53 of 57 preferred candidates winning.

Background

On Aug. 24, crypto.news reported that Coinbase-backed Stand With Crypto endorsed 32 House lawmakers who supported the bill when it passed the chamber in July 2025.

Roll Call reported that the three Republicans in the first round hold senior House Financial Services Committee roles: Hill chairs the panel, Huizenga is vice chair and Steil leads a digital assets subcommittee. The broader slate includes Tom Emmer, Lisa McClain, Pete Aguilar, Jason Smith, Glenn Thompson and Brendan Boyle.

What is still unclear

• The CLARITY Act failed a crucial Senate vote, so its future before the midterms is uncertain.
• Fairshake has announced only its first $6 million in allocations, leaving the rest of its planned spending undisclosed.
• Many polls showed Democrats favored to take majority control of both chambers in 2027, but the election outcome is not decided.

Questions readers ask